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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and KADANT INC (KAI). Click either name above to swap in a different company.

KADANT INC is the larger business by last-quarter revenue ($271.6M vs $217.6M, roughly 1.2× Dine Brands Global, Inc.). KADANT INC runs the higher net margin — 10.2% vs -5.6%, a 15.8% gap on every dollar of revenue. On growth, Dine Brands Global, Inc. posted the faster year-over-year revenue change (6.3% vs -0.0%). KADANT INC produced more free cash flow last quarter ($44.1M vs $-8.6M). Over the past eight quarters, KADANT INC's revenue compounded faster (6.7% CAGR vs 2.7%).

Dine Brands Global Inc. is a publicly traded food and beverage company based in Pasadena, California. Founded in 1958 as IHOP, it operates franchised and corporate owned full-service restaurants including three restaurant concepts, Applebee's Neighborhood Grill & Bar, International House of Pancakes (IHOP), and Fuzzy's Taco Shop.

Kadant Inc. is a company that was established in 1991, as a partly privately owned subsidiary of Thermo Electron, and partly publicly traded company, and was fully spun out and renamed Kadant in 2001. The company supports papermaking, paper recycling, wood processing, material handling, and other processing industries. Kadant is a multi-national corporation with operations in Asia, Europe, North America, and South America.

DIN vs KAI — Head-to-Head

Bigger by revenue
KAI
KAI
1.2× larger
KAI
$271.6M
$217.6M
DIN
Growing faster (revenue YoY)
DIN
DIN
+6.3% gap
DIN
6.3%
-0.0%
KAI
Higher net margin
KAI
KAI
15.8% more per $
KAI
10.2%
-5.6%
DIN
More free cash flow
KAI
KAI
$52.6M more FCF
KAI
$44.1M
$-8.6M
DIN
Faster 2-yr revenue CAGR
KAI
KAI
Annualised
KAI
6.7%
2.7%
DIN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DIN
DIN
KAI
KAI
Revenue
$217.6M
$271.6M
Net Profit
$-12.2M
$27.7M
Gross Margin
42.4%
45.2%
Operating Margin
-7.6%
15.7%
Net Margin
-5.6%
10.2%
Revenue YoY
6.3%
-0.0%
Net Profit YoY
-336.1%
-12.2%
EPS (diluted)
$-0.79
$2.35

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DIN
DIN
KAI
KAI
Q4 25
$217.6M
Q3 25
$216.2M
$271.6M
Q2 25
$230.8M
$255.3M
Q1 25
$214.8M
$239.2M
Q4 24
$204.8M
$258.0M
Q3 24
$195.0M
$271.6M
Q2 24
$206.3M
$274.8M
Q1 24
$206.2M
$249.0M
Net Profit
DIN
DIN
KAI
KAI
Q4 25
$-12.2M
Q3 25
$7.3M
$27.7M
Q2 25
$13.8M
$26.2M
Q1 25
$8.2M
$24.1M
Q4 24
$5.2M
$24.0M
Q3 24
$19.1M
$31.6M
Q2 24
$23.2M
$31.3M
Q1 24
$17.5M
$24.7M
Gross Margin
DIN
DIN
KAI
KAI
Q4 25
42.4%
Q3 25
39.1%
45.2%
Q2 25
40.0%
45.9%
Q1 25
42.0%
46.1%
Q4 24
41.7%
43.4%
Q3 24
47.8%
44.7%
Q2 24
48.1%
44.4%
Q1 24
47.2%
44.6%
Operating Margin
DIN
DIN
KAI
KAI
Q4 25
-7.6%
Q3 25
4.7%
15.7%
Q2 25
8.2%
15.4%
Q1 25
6.0%
14.9%
Q4 24
3.8%
14.3%
Q3 24
13.6%
18.0%
Q2 24
15.1%
17.6%
Q1 24
11.7%
14.8%
Net Margin
DIN
DIN
KAI
KAI
Q4 25
-5.6%
Q3 25
3.4%
10.2%
Q2 25
6.0%
10.2%
Q1 25
3.8%
10.1%
Q4 24
2.5%
9.3%
Q3 24
9.8%
11.6%
Q2 24
11.2%
11.4%
Q1 24
8.5%
9.9%
EPS (diluted)
DIN
DIN
KAI
KAI
Q4 25
$-0.79
Q3 25
$0.48
$2.35
Q2 25
$0.89
$2.22
Q1 25
$0.53
$2.04
Q4 24
$0.35
$2.04
Q3 24
$1.24
$2.68
Q2 24
$1.50
$2.66
Q1 24
$1.13
$2.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DIN
DIN
KAI
KAI
Cash + ST InvestmentsLiquidity on hand
$128.2M
$124.5M
Total DebtLower is stronger
$1.2B
$254.6M
Stockholders' EquityBook value
$-273.9M
$949.8M
Total Assets
$1.7B
$1.5B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DIN
DIN
KAI
KAI
Q4 25
$128.2M
Q3 25
$167.9M
$124.5M
Q2 25
$194.2M
$95.3M
Q1 25
$186.5M
$91.7M
Q4 24
$186.7M
$94.7M
Q3 24
$169.6M
$88.4M
Q2 24
$153.5M
$73.8M
Q1 24
$145.0M
$81.4M
Total Debt
DIN
DIN
KAI
KAI
Q4 25
$1.2B
Q3 25
$1.2B
$254.6M
Q2 25
$1.2B
$245.7M
Q1 25
$1.2B
$273.5M
Q4 24
$1.2B
$285.2M
Q3 24
$1.2B
$323.2M
Q2 24
$1.2B
$342.0M
Q1 24
$1.2B
$306.8M
Stockholders' Equity
DIN
DIN
KAI
KAI
Q4 25
$-273.9M
Q3 25
$-231.9M
$949.8M
Q2 25
$-212.5M
$926.0M
Q1 25
$-215.7M
$876.0M
Q4 24
$-216.0M
$847.1M
Q3 24
$-216.7M
$851.7M
Q2 24
$-231.7M
$807.7M
Q1 24
$-244.8M
$782.7M
Total Assets
DIN
DIN
KAI
KAI
Q4 25
$1.7B
Q3 25
$1.8B
$1.5B
Q2 25
$1.8B
$1.5B
Q1 25
$1.8B
$1.4B
Q4 24
$1.8B
$1.4B
Q3 24
$1.7B
$1.5B
Q2 24
$1.7B
$1.5B
Q1 24
$1.7B
$1.4B
Debt / Equity
DIN
DIN
KAI
KAI
Q4 25
Q3 25
0.27×
Q2 25
0.27×
Q1 25
0.31×
Q4 24
0.34×
Q3 24
0.38×
Q2 24
0.42×
Q1 24
0.39×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DIN
DIN
KAI
KAI
Operating Cash FlowLast quarter
$5.7M
$47.3M
Free Cash FlowOCF − Capex
$-8.6M
$44.1M
FCF MarginFCF / Revenue
-3.9%
16.2%
Capex IntensityCapex / Revenue
6.6%
1.2%
Cash ConversionOCF / Net Profit
1.70×
TTM Free Cash FlowTrailing 4 quarters
$53.4M
$145.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DIN
DIN
KAI
KAI
Q4 25
$5.7M
Q3 25
$30.2M
$47.3M
Q2 25
$37.0M
$40.5M
Q1 25
$16.1M
$22.8M
Q4 24
$30.5M
$51.9M
Q3 24
$25.5M
$52.5M
Q2 24
$21.6M
$28.1M
Q1 24
$30.6M
$22.8M
Free Cash Flow
DIN
DIN
KAI
KAI
Q4 25
$-8.6M
Q3 25
$18.1M
$44.1M
Q2 25
$31.0M
$36.5M
Q1 25
$12.8M
$19.0M
Q4 24
$26.7M
$46.3M
Q3 24
$22.0M
$48.3M
Q2 24
$18.2M
$23.1M
Q1 24
$27.2M
$16.6M
FCF Margin
DIN
DIN
KAI
KAI
Q4 25
-3.9%
Q3 25
8.4%
16.2%
Q2 25
13.4%
14.3%
Q1 25
6.0%
7.9%
Q4 24
13.0%
17.9%
Q3 24
11.3%
17.8%
Q2 24
8.8%
8.4%
Q1 24
13.2%
6.7%
Capex Intensity
DIN
DIN
KAI
KAI
Q4 25
6.6%
Q3 25
5.6%
1.2%
Q2 25
2.6%
1.6%
Q1 25
1.5%
1.6%
Q4 24
1.9%
2.2%
Q3 24
1.8%
1.5%
Q2 24
1.7%
1.8%
Q1 24
1.6%
2.5%
Cash Conversion
DIN
DIN
KAI
KAI
Q4 25
Q3 25
4.12×
1.70×
Q2 25
2.68×
1.55×
Q1 25
1.97×
0.95×
Q4 24
5.88×
2.16×
Q3 24
1.34×
1.66×
Q2 24
0.93×
0.90×
Q1 24
1.75×
0.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DIN
DIN

Franchisor$163.2M75%
Food And Beverage$27.3M13%
Proprietary Product Sales And Other$17.0M8%
Other$8.1M4%
Franchise And Development Fees$2.0M1%

KAI
KAI

Flow Control$94.8M35%
Capital$83.2M31%
Material Handling Systems$70.3M26%
Transferred Over Time$17.1M6%
Other$6.1M2%

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